The pure gold charges in Saudi Arabia was recorded at 4,135 Saudi Riyal (SAR) per tola on Friday, February 22, 2025.
Based on particulars from Foreign exchange.pk, 10 grams of pure gold in Saudi Arabia is being offered at SAR 3,548. Moreover, the value for an oz of gold is SAR 10,037.
It is very important word that gold charges are topic to international market fluctuations, together with these particular to Saudi Arabia, with the final replace recorded at 10:30 am February 22, 2025.
Gold, a extremely valued valuable metallic, has maintained its significance for hundreds of years and performs a significant function within the international economic system.
Its worth stems from its shortage, sturdiness, and widespread attraction. Ceaselessly considered a safe-haven asset, gold is employed to protect wealth throughout instances of financial instability.
Learn extra: Saudi Riyal to Pakistani rupee fee; February 19, 2025
Central banks and traders preserve gold reserves to diversify their funding portfolios and shield in opposition to inflation and forex worth fluctuations.
The worth of gold relies on a variety of things. Geopolitical instability or fears of a deep recession can shortly make gold charges escalate because of its safe-haven standing.
As a yield-less asset, gold tends to rise with decrease rates of interest, whereas greater value of cash normally weighs down on the yellow metallic.
In the meantime, the trade fee of the Saudi Riyal (SAR) in opposition to the Pakistani Rupee (PKR) remained unchanged at Rs74.55 within the open market on Saturday, February 22, 2025.
The promoting fee of the Riyal additionally remained fixed as it’s being offered for Rs75.07 on the sixth day of the enterprise week.